Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases

Summary of Supplemental Income Statement Information and Other Information

Supplemental income statement information related to leases was as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
Operating lease cost	$	2,780	$	3,090	$	8,574	$	9,121
Finance lease cost:
Amortization of leased assets		98		213		364		564
Interest on lease liabilities		4		19		22		75
Total finance lease cost		102		232		386		639
Sublease income		(1,259)		(905)		(3,644)		(2,692)
Net lease cost	$	1,623	$	2,417	$	5,316	$	7,068

Lease term and discount rate information was as follows:

	For the Nine Months Ended September 30,
	2021			2020
Weighted-average remaining lease term (in years):
Operating lease		5.7		5.7
Finance lease		0.3		1.2
Weighted-average discount rate:
Operating lease		6.2	%	6.2	%
Finance lease		6.5	%	7.0	%

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

	September 30, 2021		December 31, 2020
	(in thousands)
Operating leases:
ROU assets	$	22,706	$	29,798
Operating lease liabilities	$	9,503	$	10,797
Operating lease liabilities, net of current portion		18,931		25,975
Total operating lease liabilities	$	28,434	$	36,772
Finance leases:
Property and equipment	$	2,861	$	2,880
Accumulated depreciation		(2,318)		(1,963)
Property and equipment, net	$	543	$	917
Other current liabilities	$	186	$	608
Other long-term liabilities		—		63
Total finance lease liabilities	$	186	$	671

Summary of Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows as of September 30, 2021:

	Operating Leases		Operating Sublease		Finance Leases		Total
	(in thousands)
Remainder of 2021	$	3,119	$	(1,292)	$	125	$	1,952
2022		9,329		(3,588)		64		5,805
2023		4,390		(1,410)		—		2,980
2024		3,000		—		—		3,000
2025		2,950		—		—		2,950
Thereafter		11,222		—		—		11,222
Total lease payments		34,010		(6,290)		189		27,909
Less: interest		(5,576)		—		(3)		(5,579)
Total	$	28,434	$	(6,290)	$	186	$	22,330

Operating Lease, Lease Income

Maturities of lease liabilities were as follows as of September 30, 2021:

	Operating Leases		Operating Sublease		Finance Leases		Total
	(in thousands)
Remainder of 2021	$	3,119	$	(1,292)	$	125	$	1,952
2022		9,329		(3,588)		64		5,805
2023		4,390		(1,410)		—		2,980
2024		3,000		—		—		3,000
2025		2,950		—		—		2,950
Thereafter		11,222		—		—		11,222
Total lease payments		34,010		(6,290)		189		27,909
Less: interest		(5,576)		—		(3)		(5,579)
Total	$	28,434	$	(6,290)	$	186	$	22,330

Summary of Maturities of Finance Lease Liabilities

Maturities of lease liabilities were as follows as of September 30, 2021:

	Operating Leases		Operating Sublease		Finance Leases		Total
	(in thousands)
Remainder of 2021	$	3,119	$	(1,292)	$	125	$	1,952
2022		9,329		(3,588)		64		5,805
2023		4,390		(1,410)		—		2,980
2024		3,000		—		—		3,000
2025		2,950		—		—		2,950
Thereafter		11,222		—		—		11,222
Total lease payments		34,010		(6,290)		189		27,909
Less: interest		(5,576)		—		(3)		(5,579)
Total	$	28,434	$	(6,290)	$	186	$	22,330